12 Million Low-Income Americans At Risk of Missing Out on Stimulus Payments

Lizzy Buczak
June 30, 2020 - 1:43 pm

Many low-income Americans and their families are at risk of missing out on their stimulus payment.

According to an estimate from the Center on Budget and Policy Priorities, about 12 million people who don't file their taxes yearly might not get their federal payment.

These individuals earn less than $12,000 individually or $24,000 per couple.

While some non-filers who are Social Security, Railroad Retirement, Supplemental Security Income or veterans' pension beneficiaries received their payments automatically, many non-filers may miss out on their money if they don't file a separate form, per Business Insider.

In order to qualify for their payments, they have to submit their information using the "non-filer" tool to the Internal Revenue Service no later than October 15.

The form asks for basic information such as names, birthdates, Social Security numbers, addresses, and bank accounts for direct deposit.

According to CNN, the think tank is calling on states and counties to help get the word out so that the payments reach eligible recipients who haven’t filed. They believe approximately 9 million non-filers receive other benefits, such as Supplemental Nutrition Assistance Program (SNAP) or Medicaid benefits, so the agencies already have their information on file.

The majority of stimulus checks -- $1,200 per individual and up to $2,400 per couple, plus an additional $500 for each dependent -- were sent out to those who filed their 2018 and 2019 taxes already.

The House Ways and Means Committee revealed that the Treasury Department paid about 159 million stimulus payments as of June 5, but the House projected they still need to send between 30-35 million one-time payments.

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